The Pittsburgh-based food company also raised its dividend by 7 percent.

Heinz has looked to emerging markets like Brazil, Russia and India to help fuel its growth recently. The Pittsburgh company has said that emerging markets will generate more than 20 percent of its revenue in fiscal 2012.

Heinz said Thursday that its net income rose to $223.9 million, or 69 cents per share, for the period ended April 27. That's up from $192.4 million, or 60 cents per share, a year earlier.